We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NE16 3JS
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and well presented two bedroom ground floor flat occupying a popular and convenient position in Swalwell. Ideally suited to buy-to-let investors, 1st-time buyers or even downsizers.
The property is currently tenanted on a rolling contract at £550pcm, providing a potential 8.8% ROI (rent received against the current asking price).
The location is ideally placed for access to local amenities and transport links.
Viewings are highly recommended Entrance Hall Central heating radiator, Built-in cupboard Bedroom One (4.02m x 4.14m, 13'2" x 13'6") Central heating radiator, Double glazed window Bedroom Two (2.31m x 3.25m, 7'6" x 10'7") Central heating radiator, Double glazed window Bathroom (1.80m x 2.61m, 5'10" x 8'6") Bath with shower over, Wash hand basin, WC, Central heating radiator, Double glazed window Lounge-Diner (4.07m x 4.17m, 13'4" x 13'8") Electric feature fire, Central heating radiator, Two double glazed window Kitchen (2.48m x 3.64m, 8'1" x 11'11") Wall and floor units with worksurfaces over, Sink and drainer unit, Electric cooker point, Plumbed for washing machine, Double glazed window, Wall mounted boiler, Door to external External Rear Yard Tenure Leasehold - Tyneside Lease Services Mains gas, electricity, water and drainage.
Council tax band A.
EPC C rated Disclaimer These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract.
Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves.
We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 7, Axwell Terrace, Newcastle Upon Tyne
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